Citi Issuer Services, acting through Citibank N.A., was named the depositary bank for Rightmove Plc’s sponsored American Depositary Receipt program, formalizing a transition from the company’s previous unsponsored ADRs. The Level 1 program trades on the over‑the‑counter market under the symbol “RTMVY.”
The appointment expands Citi’s global depositary services portfolio, adding a new fee‑based revenue stream and strengthening its presence in the United Kingdom. Citi’s issuer services division operates in more than 65 markets worldwide, and the Rightmove deal enhances the bank’s cross‑border distribution capabilities and positions it to capture growing demand for international equities among U.S. investors.
Rightmove, the UK’s largest online property portal, reported 2025 revenue of £425.1 million and an underlying operating profit of £287.9 million. The company expects 2026 revenue growth of 8‑10 % and operating profit growth of 3‑5 %. The new sponsored ADR program provides U.S. investors with a more streamlined access to Rightmove’s shares, potentially increasing liquidity and broadening the issuer’s investor base.
Dirk Jones, Head of Issuer Services at Citi, said the bank is “committed to supporting Rightmove with high‑quality services through our industry‑leading ADR solutions. Our deep capital markets expertise and extensive global network enable us to facilitate seamless access to global capital markets for issuers like Rightmove.”
The appointment aligns with Citi’s broader strategy to grow fee‑based income from market‑making and custody services, and it positions the bank to capture a share of the expanding U.S. demand for international equities.
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